Insider Selling: Global-e Online (NASDAQ:GLBE) President Sells $130,229.16 in Stock

Global-e Online Ltd. (NASDAQ:GLBE) President Nir Debbi sold 4,166 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $31.26, for a total value of $130,229.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nir Debbi also recently made the following trade(s):

• On Monday, March 16th, Nir Debbi sold 8,332 shares of Global-e Online stock. The shares were sold at an average price of $34.51, for a total value of $287,537.32.

Global-e Online Stock Performance

Shares of NASDAQ GLBE opened at $31.18 on Friday. The business has a 50-day moving average of $33.81 and a 200-day moving average of $36.14. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 84.27 and a beta of 1.28. Global-e Online Ltd. has a 12 month low of $26.64 and a 12 month high of $43.21.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GLBE. Wasatch Advisors LP lifted its holdings in shares of Global-e Online by 231.8% in the 2nd quarter. Wasatch Advisors LP now owns 3,424,182 shares of the company’s stock worth $114,847,000 after acquiring an additional 2,392,124 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Global-e Online by 68.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,872,341 shares of the company’s stock valued at $230,842,000 after purchasing an additional 2,387,242 shares during the last quarter. Marshall Wace LLP raised its position in Global-e Online by 182.0% in the 2nd quarter. Marshall Wace LLP now owns 3,656,115 shares of the company’s stock worth $122,626,000 after purchasing an additional 2,359,435 shares during the period. Janus Henderson Group PLC lifted its stake in Global-e Online by 1,539.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,269,482 shares of the company’s stock worth $89,213,000 after purchasing an additional 2,131,047 shares during the last quarter. Finally, Dragoneer Investment Group LLC lifted its stake in Global-e Online by 18.2% in the third quarter. Dragoneer Investment Group LLC now owns 11,887,078 shares of the company’s stock worth $425,082,000 after purchasing an additional 1,831,063 shares during the last quarter. 94.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on GLBE. KeyCorp lowered their price objective on shares of Global-e Online from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating on shares of Global-e Online in a research report on Thursday, February 19th. Zacks Research raised Global-e Online from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 19th. Benchmark raised their price target on Global-e Online from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, UBS Group dropped their price target on Global-e Online from $52.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.58.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.